A Note on Nature and Significance of Stochastic Models

Stochastic modelling has become a scientific catchword in many branches of science and in particular in quality theory. However, there are many misunderstandings concerning the term, and in many cases it is used wrongly. Therefore, this paper aims at introducing stochastic models, their nature and their significance.

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Year of publication:	2006
Authors:	Wolfgang, Sans ; Xiaomin, Zhai ; Surath, Sen ; Collani Elart v.
Published in:	Economic Quality Control. - De Gruyter. - Vol. 21.2006, 2, p. 183-197
Publisher:	De Gruyter

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011015866